Although "The Hobbit" is slated to be a "Lord of the Rings" prequel that goes down years before Frodo's birth, Jackson put a creative loophole in the blockbuster series that could make an organic Frodo cameo possible. The filmmaker included the fictional Bilbo Baggins-penned tome "The Hobbit, or There and Back Again" to record his adventures — a detail that could allow viewers to follow the narrative alongside Wood's character in "The Hobbit." At the end of "Return of the King," Frodo turns the book over to Samwise Gamgee. The One Ring blog reported that Frodo will appear in the opening sequences of each of the two films.

Back in 2008, Wood said he's down to pop up in the fantasy juggernaut's latest installment, but mused that his character would only be included if there was an artful way to explain his existence in the film.

"That's the thing," Wood told MTV News. "I would imagine that if he does exist, it'll make some sort of sense. Otherwise, I don't think they would do it. I certainly wouldn't want to do it. I don't want to have a whole character piece that doesn't really exist that they're cobbling together."

However, he also pointed out that working Frodo into the "Hobbit" mix is possible given the characters' back story.

"There's a lot we know historically about the characters where that would make sense. And personally, if I was involved, it would be to come on for a tiny little piece and have that be that," he said.

Wood also assured fans that regardless of how the filmmakers plan to include any of the beloved Tolkien-crafted personalities, he's confident "in whatever they're going to do in terms of bringing in any familiar characters back, just knowing their sense of upholding integrity."

Are you excited that Frodo will appear in "The Hobbit"? Let us know in the comments!